2602 S Nielson St Gilbert, AZ 85295
Your savings
About this home
Come see a move-in ready squeaky clean home that lives much larger than the square footage. Living Room/Dining Room combo is full of light and has plantation shutters. Three bedrooms and another room that could be an office, playroom or teen room. The kitchen has a large eat-in area that opens to a side patio that is private and welcoming. There are lots of beautiful cherry cabinets, newer stainless steel appliances, reverse osmosis, and a pantry. Nothing to want for here...tons of storage! Bathrooms have been tastefully partially upgraded last year. More storage with cabinets in the laundry room. Upgraded lighting and ceiling fans as well. Just last year the outside was totally upgraded. Back and side patios as well as two winding walk-ways to the front of the house look spectacular. Landscaping was freshened up and you can tell it! All this and in a neighborhood that is highly sought after. Community amenities include a large grassy area right across the street and a children's play set, perfect for all ages to play soccer, baseball, football or whatever. There are also pickleball and tennis courts. This property is close to San Tan Mall and the neighborhood elementary school. Now, for the best part! This home has solar panels and the contract has been paid in full! You get the luxury of smaller utility bills and you do not have to pay a monthly fee for the panels nor do you have a to pay a buy-out fee. The contract must be transferred but it costs you nothing! Enjoy visiting this home...you'll want to call it yours!
Source: ARMLS #6909301
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.